House passes bailout bill
Federal bid to restore financial markets heads to president
By Glenn Roberts Jr., Friday, October 3, 2008.
In a 263-171 vote, the U.S. House of Representative today approved a massive spending plan -- voted down in an earlier form Monday -- that will supply hundreds of billions of dollars in a federal effort to ease the credit squeeze by buying up bad assets from financial companies.
President Bush signed the legislation shortly after the vote.
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